Auburn National Bancorporation (NASDAQ:AUBN) Stock Crosses Above 50-Day Moving Average – Here’s What Happened

Auburn National Bancorporation, Inc. (NASDAQ:AUBN)’s stock price crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $25.01 and traded as high as $25.01. Auburn National Bancorporation shares last traded at $25.01, with a volume of 876 shares.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Auburn National Bancorporation in a research report on Monday, April 20th. One analyst has rated the stock with a Hold rating, According to MarketBeat, the stock currently has a consensus rating of “Hold”.

Auburn National Bancorporation Stock Performance

The company has a market cap of $87.28 million, a price-to-earnings ratio of 11.02 and a beta of 0.42. The firm’s 50 day simple moving average is $25.01 and its 200-day simple moving average is $24.88.

Auburn National Bancorporation (NASDAQ:AUBN) last posted its quarterly earnings results on Wednesday, May 13th. The financial services provider reported $0.63 earnings per share for the quarter. The firm had revenue of $8.63 million for the quarter. Auburn National Bancorporation had a net margin of 17.79% and a return on equity of 8.78%.

Auburn National Bancorporation Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, June 25th. Stockholders of record on Wednesday, June 10th were issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 4.3%. The ex-dividend date was Wednesday, June 10th. Auburn National Bancorporation’s payout ratio is currently 47.58%.

Auburn National Bancorporation declared that its Board of Directors has authorized a stock buyback program on Tuesday, March 17th that authorizes the company to buyback $5.00 million in outstanding shares. This buyback authorization authorizes the financial services provider to purchase up to 6.1% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its stock is undervalued.

Hedge Funds Weigh In On Auburn National Bancorporation

Institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its stake in Auburn National Bancorporation by 3.2% during the third quarter. Vanguard Group Inc. now owns 77,085 shares of the financial services provider’s stock worth $2,090,000 after buying an additional 2,402 shares during the last quarter. Truffle Hound Capital LLC increased its stake in shares of Auburn National Bancorporation by 7.3% in the 4th quarter. Truffle Hound Capital LLC now owns 50,000 shares of the financial services provider’s stock worth $1,348,000 after acquiring an additional 3,420 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Auburn National Bancorporation by 1.0% in the 3rd quarter. Dimensional Fund Advisors LP now owns 41,808 shares of the financial services provider’s stock worth $1,133,000 after acquiring an additional 407 shares during the last quarter. Bridgeway Capital Management LLC raised its holdings in shares of Auburn National Bancorporation by 2.6% during the 4th quarter. Bridgeway Capital Management LLC now owns 30,830 shares of the financial services provider’s stock worth $831,000 after acquiring an additional 784 shares during the period. Finally, Geode Capital Management LLC raised its holdings in shares of Auburn National Bancorporation by 1.7% during the 4th quarter. Geode Capital Management LLC now owns 25,632 shares of the financial services provider’s stock worth $691,000 after acquiring an additional 439 shares during the period. Hedge funds and other institutional investors own 39.46% of the company’s stock.

About Auburn National Bancorporation

Auburn National Bancorporation is a bank holding company headquartered in Auburn, Alabama. It operates through its wholly owned subsidiary, AuburnBank, providing a comprehensive suite of financial services to individuals, businesses and municipalities throughout central and eastern Alabama.

The company’s retail banking offerings include checking and savings accounts, consumer and mortgage lending, online and mobile banking, and wealth management services. On the commercial side, AuburnBank delivers business checking, commercial real estate financing, equipment loans and cash management solutions tailored to support the growth and operational needs of local enterprises.

Serving primarily the Auburn–Opelika metropolitan area and surrounding counties, Auburn National Bancorporation leverages deep community ties and regional expertise to craft banking solutions that meet the unique needs of its customers.